a derivative is not a bond. On 4/29/2010 8:48 AM, Stephen Russell wrote: > On Wed, Apr 28, 2010 at 7:07 PM, Virgil Bierschwale<[email protected]> wrote: > >> ask yourself a question. >> >> Self, my goal is to sell this mortgage bundle to client a so that client >> a can make a profit because it is a good investment based on the rating >> agencies. >> Self, I think I will sell it short though once it starts going down so >> that I don't lose money on it. >> Self, Who cares about my client. >> Self, I have no fiduciary responsibility to them. >> > ----------------------- > > They were packaging a bond for sale. These were done daily and you > have to inspect what is within the the bond if you are buying it. > Your study of the market agrees with this as accepted or out of the > ordinary? > > When you consider buying a mutual fund you investigate the holdings of > the fund and the direction of the fund before you buy into it right? > > The people who were purchasing these bonds did their research or did > they just get the insurance on top of the bond? Did they accept the > FALSE rating of the bond and not do their homework? > > GS then makes a financial bet on the bond betting on it's failure. > Did they set the bond for failure, or did they see the recklessness of > the buyer and knew they shouldn't be in the business so they bet > against success of that investment. > > This is America and we allow the little man to make it big time when > he takes risks. Are you going to stop people from getting rich in the > modern world when they see opportunity screaming at them in the face. > > I personally know a couple here in town who got millions of $$$ when > they classified the father incompetent. They sold off just about > everything but a few horses, Tennessee walking horses for breeding. > They put him in the VA center and wasted all of that money trying to > get filthy rich. > > So the douche bags at GS see a loser in front of them buying a bond > and they say "Let's get a derivative on this one because it has to > fail". > > The business of banking is risk / reward. There are no guarantees > that you will make X% unless you find a ponzi scheme and you get in > real early. hehehehe yeah no guarantees. > > Personally we need to identify the fraud in the bond credit rating > aspect. This is way to close to buyers of the service that the > results were questionable and now we know it was more out right lies. > > > > > > > > No virus found in this incoming message. > Checked by AVG - www.avg.com > Version: 9.0.814 / Virus Database: 271.1.1/2842 - Release Date: 04/29/10 > 01:27:00 > >
-- Virgil Bierschwale Vets Finding Vets <http://www.VetsFindingVets.org> Keep America At Work <http://www.KeepAmericaAtWork.com> --- StripMime Report -- processed MIME parts --- multipart/alternative text/plain (text body -- kept) text/html --- _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
